Morningstar

Marvell Shares Fall on Report of Talks to Acquire Lumentum

Provided by Dow Jones Oct 28, 2026, 10:20:00 PM

By Elias Schisgall

Shares of Marvell Technology fell after Bloomberg reported that the company is in advanced talks to buy Lumentum Holdings, a manufacturer of optics products for data centers.

Marvell shares were down 9.3% to $228.31 in after-hours trading on Wednesday. The stock closed up 3.3% to $251.65, and had nearly tripled in value year to date through the close. Shares of Lumentum, however, jumped 13% to $1,040.00 after hours.

A deal could be announced as soon as next week, though no final agreement has been reached and the timing is subject to change, Bloomberg reported, citing people familiar with the matter.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

October 28, 2026 18:20 ET (22:20 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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